Author: Arabian Media staff
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Warren Buffett’s Berkshire Hathaway Inc. (BRK.A, BRK.B) is the single largest private holder of U.S. Treasury bills, surpassing even the Federal Reserve’s own holdings. As of the end of the first quarter of 2025, Berkshire controlled about $305 billion in Treasury bills, while the Fed’s holdings had dropped to $195 billion. This shift reveals much about Buffett’s take on today’s investment climate. What Are Treasury Bills and Why Do They Matter? Treasury bills (T-bills) are short-term debt securities issued by the U.S. government, with maturities ranging from four weeks to one year. They pay no periodic interest but are sold at a…
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Fakhruddin Properties has announced the successful completion of its pilot 90:90 Waste Management initiative, a pioneering model that can divert 90 per cent of building waste from landfills within 90 days. The programme – the first of its kind in the UAE – was rolled out at Trafalgar Central in Dubai International City and has now achieved its waste reduction goals. The initiative introduces in-building composting and waste-sorting facilities at the residential development, aligning with the UAE’s Net Zero 2050 agenda, Dubai Municipality’s plan to close landfills by 2027, and the Circular Economy Policy 2021–2031. Overcoming challenges While the technology…
Image: Emirates Emirates has expanded its Premium Economy offering as part of a multi-billion dollar investment to refurbish 219 aircraft, with 67 fully upgraded planes now in service, including 32 A380s and 35 Boeing 777s. The airline has also added nine Airbus A350 aircraft featuring Premium Economy, with 56 more scheduled to join its fleet. By March 2026, Emirates will serve 68 cities with aircraft fitted with its Premium Economy product, offering close to 2 million Premium Economy seats annually, set to double to 4 million seats per year by the end of 2026. The cabin layout varies by aircraft:…
Image: Supplied Joby Aviation, the developer of electric air taxis for commercial passenger service, and Uber Technologies, the world’s largest rideshare and delivery platform, have announced plans to integrate Blade’s air mobility services into the Uber app as early as next year. The move follows Joby’s recent acquisition of Blade’s passenger business. In 2024, Blade carried more than 50,000 passengers across routes in the New York metropolitan area and Southern Europe, connecting high-demand destinations such as Newark Liberty International Airport, John F. Kennedy International Airport, Manhattan, and the Hamptons. “We’re excited to introduce Uber customers to the magic of seamless…
Image: Supplied Titanium Escrow, the Abu Dhabi-based provider of regulated escrow and custody services, recently surpassed $5bn in secured transactions, marking its fifth anniversary as demand grows across the Middle East for sophisticated corporate payment infrastructure for complex, cross-border deals. Since its launch in 2020, the firm has facilitated nearly 500 transactions spanning mergers and acquisitions, private capital, real estate, and infrastructure. Operating under the supervision of the Financial Services Regulatory Authority (FSRA) within Abu Dhabi Global Market (ADGM), Titanium Escrow was among the first participants in ADGM’s RegLab innovation sandbox to develop the region’s first supervised escrow licensing. Here,…
Guests networking at last year’s Gulf Business Awards 2024 in Dubai The Gulf Business Awards 2025 has officially revealed its shortlist of nominees, marking the next milestone in one of the region’s most respected business recognition platforms. Scheduled for September 24, 2025, at The Westin Dubai Mina Seyahi, the awards will once again honour the companies and individuals shaping the Gulf’s economic and business landscape. Now in its 13th year, the Gulf Business Awards continues to celebrate innovation, resilience, leadership, and impact across sectors including banking, real estate, healthcare, technology, energy, and tourism. Each year, the awards highlight achievements across…
Image: Supplied Dragonpass, a leading provider of digital airport ecosystem platforms, reported a sharp rise in domestic travel and airport lounge usage across Saudi Arabia, highlighting the kingdom’s rapid growth as a regional tourism and business hub. According to Dragonpass data, domestic travel in Saudi Arabia increased by 126 per cent between 2024 and 2025, more than doubling the number of domestic trips in just one year. The growth comes amid the country’s ongoing infrastructure investments and its Vision 2030 agenda, which aims to boost tourism and business activity. Key highlights from Dragonpass’ findings Airport lounge usage also climbed significantly,…
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